For Sale $630,000 - $675,000

This 1-bedroom apartment at 216/2 Bond Street, Sydney, presents a compelling investment opportunity, particularly given its price point in the highly sought-after Sydney CBD market. Priced between $630,000 - $675,000, it appears to be significantly undervalued compared to similar 1-bedroom apartments in the immediate vicinity. For instance, comparable 1-bed, 1-bath, 0-car apartments in Sydney are listed at $1,300,000 (Comp 2) and $750,000 (Comp 8), with another 1-bed, 2-bath, 0-car at $700,000 (Comp 5). The subject property's price range is well below the median for 1-bedroom units in this dataset, suggesting a strong undervalued potential. This could be due to specific building features, age, or internal condition not detailed, but on price alone, it stands out.

Based on the comparable rentals, a realistic estimated weekly rent for this property is $680. Comparable 1-bedroom apartments with 0 parking are renting for $750/wk (Comp 2) and $650/wk (Comp 8), while a 1-bed, 2-bath, 0-car is estimated at $680/wk (Comp 5). Given the property's likely older age or smaller size implied by the lower price, $680/wk aligns well with the lower end of these comparable rentals, providing a conservative but achievable estimate. My confidence level for this rental estimate is moderate to high, as it is directly derived from recent, relevant local data.

Using the mid-point of the price guide ($652,500) and an estimated weekly rent of $680, the estimated gross annual rental yield is approximately 5.43% ($680 * 52 / $652,500 * 100). If purchased at the lower end of the range ($630,000), the yield would be 5.61%. This yield is excellent for a Sydney CBD apartment, where typical yields are often in the 3-4% range (e.g., Comp 1, 2, 4, 6). This strong rental yield significantly boosts its investment appeal.

Key investment strengths include its highly competitive price point for a Sydney CBD 1-bedroom apartment, offering significant potential for capital growth if purchased well. The strong rental yield makes it an attractive income-generating asset. The central location ensures consistent tenant demand. Potential risks include the possibility of undisclosed issues justifying the lower price, or the property requiring significant renovation, which could impact immediate rental readiness or flip potential. However, the lower entry price also creates an opportunity for value-add through renovation. The flip potential is moderate; while the low entry price provides a buffer, the profitability will depend heavily on the renovation scope and cost, as well as the specific condition of the property. An actionable recommendation would be to conduct thorough due diligence, including a building inspection, to understand the property's condition and any potential costs. If the condition is reasonable, this property represents a rare chance to acquire a high-yielding asset in a prime location with significant upside potential.